Secondary market right now is wild!

There was a retailer selling some NIB for under 400 in a BF sale this week. Probably all gone now. I have gotten a few in the 300-350 range on secondary the past couple months.
EDIT: This was in response to NorCals post about SHF s45vn going down in price. I still stuck at quoted responses and the Internet in general
 
I originally was thinking maybe the exchange slowed because of the time of the year with holidays coming and everyone was saving up. Is this not a normal trend that the exchange slows down in the last quarter?
 
Grasshopperglock said:
Anybody following the Timepiece Gentleman saga?

The watch side of things has exploded.

That $25 grand watch is now in the teens.


There's blood in water everywhere.
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I bought a watch last year (Speedmaster variant). Even though the manufacturer has since raised the price by around $1,000, its secondary market value is still 30% below MSRP. The watch market is dead.
 
mitchnola said:
Do you have any George’s? I have been buying knives for over 8 yrs but I’ve only been a member here a yr and started my George collection maybe 6 mos ago but it always blows me away on how many old school collectors have never given him a shot much less handled one. All I can say is you wouldn’t have regretted it and won’t even at $465.
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I don't, but I've wanted to get on board for a while. But I've also wanted to restrain myself because I try to limit my collection to two brands, both of which I've spent heavily on this quarter. $360 is a screaming deal, but half the reason I started this thread was because of all the screaming deals I was seeing and lacking the ability to jump on.
RoyalHolic said:
I would definitely say Magnacut is pushing down S45vn AND M390 variants from brands.

Hinderer and CRK had been on such a high lately but the market has definitely cooled on those unless it's Magnacut.
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I would say some of it is over hype. I think MagnaCut is probably better than S45VN, but it's more of a lateral from M390 with it really being a preference of what qualities are most important to a user in a particular knife.
HexY3co said:
And economists are telling us this seasons sales numbers are up however they are not saying that cost of goods are up 15-30% so it's easy to tout higher numbers in a very shady way. I decided to hold off selling for now till I see where this is going.
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Absolutely. Sure dollar value of sales revenue is up, but it's proportionate to COGS, it doesn't represent voluntary increases in discretionary spending.
 
sgt1372 said:
Been a buyer's market since Covid started & it doesn't look like it's going to change anytime soon.

I've got at least 100 knives that I'd like to sell to trim my collection but I'm just sitting on them for now.

However, my self-imposed moratorium on knife buying ends in mid-Dec and I'll be happy to be a buyer again when the time comes.

---------------------------

OBTW: I only recently learned that the IRS still hasn't fully implemented the $600 rule passed by Congress in 2021 for reporting 1099 transactions and that the limit is still $20k in 2023 and will be reduced to $5k in 2024 before it's reduced further to $600 in 2025.
So, I'm thinking of selling at least 50 of my knives on eBay where people will pay more for knives than they will here but, of course, where the eBay & Paypal fees are very high.
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sgt1372 said:
Too late to start selling now but I've got all of 2024 to sell at least $5k in knives w/o any reporting to the IRS, which will cover around 25-50 knives that I have available to sell most of which I bought at pretty low prices. We'll see . . . 🤷‍♂️
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That’s crazy. I thought that $600 mark was for a single transaction. I thought that’s what the Friends & Family was for anyway: to avoid paying the taxes….?
That’s a bummer if it’s true :-/

It seems like the market really dropped off at the start of this summer, and is starting to pick back up because of the holidays (but not to the same degree as the last couple years as far as prices/demand).
 
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Grasshopperglock said:
$18ish thousand dollars.


Lol, yeah. We're going to see about that.


I want this one,


create image url
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Nice two tone! I was fortunate enough to snag a GMTII BLNR (Batman) from a dealer in 2022. At time of purchase it was around 20k plus for one. Now? I think around 14 to 15. Still at 11k after tax I am fine.

I didn't buy to flip. It's could go below 11 and I wouldn't care.

The guys who bought RMs and Pateks in the 150 to 400+ range when table (not what they call it! Haha) was 40 to 50% of that are really taking a loss as their only slightly above table now - in some cases less.

The snobbery of the watch world was crazy a while back (still is). Personally, I'm glad this is blowing up in their faces.
 
madcap_magician said:
I'm seeing more knives for sale from makers who never have stock than any time that I can recall!

Big buyer's market right now for sure.

I'm not 100% sure it's just the Christmas seasonal selloff, either.
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I'm confused by the thread title.
I thought you were refering to the "second hand marktet" as in the BF For Sale section.
But you are talkimg about vendors/retailers who would be the Secondary Market if
the whiolesalers were considered the Primary Market.
 
KenHash said:
I'm confused by the thread title.
I thought you were refering to the "second hand marktet" as in the BF For Sale section.
But you are talkimg about vendors/retailers who would be the Secondary Market if
the whiolesalers were considered the Primary Market.
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Nope, was talking about resale, you are correct.
 
Grasshopperglock said:
$18ish thousand dollars.


Lol, yeah. We're going to see about that.


I want this one,


create image url
Click to expand...

I was a watch guy in the 90's before I became a knife guy. I still have a good collection of watches

here is two oldies. Two line sub.
Gf7Il3p.jpg


my original 1995 seamaster
gOpxIFm.jpg
 
BK14 said:
I agree with it being a buyers market… Except for GEC! They are still going for crazy amounts. Modern knives are in a great spot right now though I think
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It could be they're just the last domino to fall. I'm staying on the sidelines for a while.
 
sgt1372 said:
OBTW: I only recently learned that the IRS still hasn't fully implemented the $600 rule passed by Congress in 2021 for reporting 1099 transactions and that the limit is still $20k in 2023 and will be reduced to $5k in 2024 before it's reduced further to $600 in 2025.

So, I'm thinking of selling at least 50 of my knives on eBay where people will pay more for knives than they will here but, of course, where the eBay & Paypal fees are very high.

Too late to start selling now but I've got all of 2024 to sell at least $5k in knives w/o any reporting to the IRS, which will cover around 25-50 knives that I have available to sell most of which I bought at pretty low prices. We'll see . . . 🤷‍♂️
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A full discussion of these laws and how bad they are probably belongs in the political sub-forum, but watch out. I just went over and read this on eBay's site. It looks like people exceeding $600 in sales this year will be getting the form....

(Picture removed in the great purge of 2024.)
 
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Chronovore said:
A full discussion of these laws and how bad they are probably belongs in the political sub-forum, but watch out. I just went over and read this on eBay's site. It looks like people exceeding $600 in sales this year will be getting the form. Here is a screen shot.

View attachment 2407376
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Honestly, this sounds more like Ebay hasn't updated this section to reflect the latest notice, where they state this has been suspended for 2023.
 
SlideRacker said:
It could be they're just the last domino to fall. I'm staying on the sidelines for a while.
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Probably a good call. I grabbed a Viper and harness Jack this year but only chase GECs off drops. The secondary prices just aren’t worth it to me personally
 
Quiet said:
Honestly, this sounds more like Ebay hasn't updated this section to reflect the latest notice, where they state this has been suspended for 2023.
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It's entirely possible. That's just what I found over there with a quick search. If you or anyone else has a link or screenshot with updated information, I'd love to see it.
 
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